Transaction in Own Shares

Fidelity Asian Values PLC announces that the Company, on 26 November 2007,
repurchased 75,000 of its own shares for cancellation at a price of 149.5 pence
per share. The total number of shares now in issue is 103,247,200.

Rebecca Burtonwood

For and on behalf of Fidelity Investments International

Company Secretary

01737 836869

26 November 2007